Explained

Replace-by-fee (RBF) is a feature in Bitcoin that allows users to replace an unconfirmed transaction with a higher fee to expedite confirmation.

Sniper bots are automated tools executing precise actions at specific moments in cryptocurrency and online activities, aiming for strategic advantage.

Decentralized file sharing is a peer-to-peer network system where files are distributed across multiple nodes, eliminating the need for a central server.

Gresham’s law suggests “bad money drives out good,” making people hoard cryptocurrencies using traditional currencies for daily transactions.

The service industry needs blockchain for enhanced security, transparency and efficiency in managing transactions, contracts and customer data.

The November 2022 Alameda gap exposed vulnerabilities in the crypto market, shedding light on FTX and Alameda Research’s fraud.

Moore’s law predicts that the number of transistors on a microchip will double approximately every two years, significantly impacting cryptography.

Metadata in blockchain refers to additional information or data that can be associated with transactions or other elements on a blockchain network.

Blockchain-based philanthropy involves transparent, efficient and secure transactions, ensuring accountable and impactful giving.

Open-source protocols have numerous advantages over proprietary protocols. They include greater transparency and accessibility.

To avoid impersonation scams in crypto, verify online profiles, be cautious of overly enticing offers, and employ multi-signature wallets for added security.

In the context of cryptocurrencies, Pareto principle implies that a minority of efforts or factors often yield the majority of results.

Reed’s Law highlights exponential growth from diverse communities, crucial in crypto for innovation, DeFi and decentralized governance.

Blockchian network congestion results in delayed transaction confirmations, increased costs and a slower user experience.

Finality ensures irreversible transactions — crucial for trust and security — prevents double-spending and fraud, and keeps blockchain records immutable.